Shares of IShares Iboxx $High Yield Corp (HYG) are down .24 to 87.75. HYG is near the top of the 52 week range.
- Paper traded 15000 HYG May 82/80 puts for .20 and .15.
- The ADV is 57444 contracts.
- The OI is 8147 and 7500 contracts.
The volume went up in 2 blocks on the AMEX. Near 100000 contracts traded in May and Mar puts in HYG. Most of the May looked open and the $.05 on the May 82 and 80 strikes could be a sold spread at .05. The theoretical value of the spread as about $.10 so it would be tough for liquidity providers to sell it there making the customer the seller.
- IV 30 is trading for 25%.
- HV10 is trading for 18%.
- IV 30 is trading above the HV 10.